“The capacity utilization remained at 91% in May’21 as the Liquid Oxygen supplies were over 30,000 tonnes for medical purposes in May’21 from the Steel Complexes of the Company across India, as against over 20,000 tonnes in April’21,” the corporate mentioned in a media assertion.
The firm’s rolled merchandise’ production grew by 10% year-on-year to 9.99 lakh tonnes as in opposition to 9.05 lakh tonnes. The lengthy merchandise’ production grew by 55% year-on-year to 3.09 lakh tonnes indicating rising a greater progress in demand for building and infrastructure.
JSW Steel’s consolidated internet revenue jumped 22 instances to Rs 4,191 crore within the final quarter of the monetary 12 months 2021, a document excessive, as in opposition to a internet revenue of Rs 188 crore in the identical interval final 12 months primarily on account of a powerful home demand supplemented by exports, and improved steel costs.
The firm’s internet revenue for FY 21 was at Rs 7,873 crore, up by 101% from Rs 3,919 crore in FY 20.
The firm for the monetary 12 months 2022, has introduced a Capex of Rs 25,115 crore, together with sustenance and different Capex of Rs 6,565 crore unfold over three years from FY22 to FY24.
“We are an 18 million tonne steel company, just before all the expansion. Now an additional 5 mt of Dolvi, 2.5 million tonnes of Bhushan Power and Steel and 1 million tonnes of Monnet makes us a 27 million tonne company,” mentioned Seshagiri Rao, the corporate’s joint managing director in an interplay earlier.